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December FX Outlook – The Fed, Brexit, and US Fiscal Policy

By Bannockburn Global Forex Having strengthened in October, the USD fell back towards the bottom of recent ranges against most major currencies in November. Renewed USD weakness was not severe, and had several different drivers. Initial losses were correlated with some weakening in equity markets, but losses later in the month occurred despite stronger equity performance, and was related more to uncertainty about future Fed tightening following the release of the FOMC minutes for September on the 22nd, which revealed...

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New Italian Flexible Work Law Enacted

By AEM Carnelutti «Balancing, innovating and competing. These are the three seemingly conflicting objectives of flexible working, a new approach to corporate organization where individual employees’ needs fit in with the needs of the company in a complementary manner». The above quotation was taken from the first paragraph of the Italian Labor Ministry’s website (www.cliclavoro.gov.it) on the Flexible Work Law governed by Law no. 81 dated 22 May 2017 (“FL”), “measures aimed to support flexible organization of work time and...

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Online Shopping Tips to Stay Safe This Holiday

By Carrie Mast | Director of Operations | Loki Labs Inc. It’s Cyber Monday! In preparation for another holiday season, here are some tips to stay safe while you shop online this year: If you are shopping on your phone or computer and using an unknown Wi-Fi connection, save the purchases for later. Don’t enter any personal information such as name, address, or credit card number until you are on a secure and known connection. Before you do anything on a website,...

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Court of Justice rules on the application of competition law to agricultural producer organisations

By Marieke Bredenoord-Spoek | Senior Associate Amsterdam | +31 20 546 03 43 | Stibbe On 14 November 2017, the European Court of Justice rendered its judgment on a request for a preliminary ruling from the French Supreme Court. The Court clarified the conditions under which competition rules must be applied to agricultural producer organisations (POs). POs are established to pursue the objectives of the common agricultural policy and may – if certain criteria are met – be exempted from...

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Outbound investments: foreign subsidiary or branch?

By Loyens & Loeff When making cross-border investment decisions, Dutch resident entrepreneurs often face the question whether a foreign investment should be set up in the form of a foreign subsidiary (participation) or in the form of a branch (permanent establishment). Not only Dutch tax considerations play a part in this choice. Also in the country in which the investment takes place, the consequences of investing via a participation or via a permanent establishment may differ. In this issue of Quoted,...

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How boards can turn digital uncertainty into trust: Disruption in the boardroom

By Sharon Sutherland | Nadia Woodhouse | Ernst & Young The ongoing digital business revolution is unlocking exciting new opportunities across sectors, but as our report notes, it is important that organizations and boards continue to acknowledge and address any associated new risks, including the following: New cybersecurity threats continue to emerge in part due to the increasing proliferation of connected devices and digital entry-points to business ecosystems. Markets are becoming more volatile and unpredictable whilst customers are becoming...

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The Benefits of Outsourcing Funds Administration

By Onno Bouwmeister | Malcolm Pobjoy | VISTRA Alternative investing has gone from a gold-rush industry to one of market turbulence, regulatory oversight, and intense competition. In turn, fund administration has transformed. What was once a relatively straightforward outsourcing of fund accounting has now become a more complex and tailored delegation of operational expertise that requires savvy professionals and sophisticated IT at the ready. Hedge funds were early adopters of outsourcing, but now private equity managers are responding, by outsourcing a variety...

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Inside Self-Storage Best of Business 2017

BOS CONTAINER USA LLC: MOST INNOVATIVE PRODUCT BOS Container USA Inc.represents manufacturer BOS (Best Of Steel) GmbH in the United States as well as Australia, Canada, Germany, Scandinavia and other countries. The company offers a panelized, expandable storage container that can be assembled quickly with few to no tools. The containers come in six different sizes and can be fitted with accessories such as anti-condensation coating, shelving systems, an access ramp and various organizing tools. What's the biggest pain point your company...

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Update on Property Tax Issues: November 2017

 By Paul Sanderson | Donald Liebman |  IPTI The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). As far as Europe is concerned, this month’s report includes articles on Greece, Ireland, the Netherlands and the United Kingdom. There...

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DS-Concept Provides $3 Million Export Factoring Facility to Expanding Metal Trading Company in Shanghai

By DS-Concept DS-Concept has provided a $3 million export factoring facility to a trading company that sells metal packaging materials to buyers from the US, Peru, and Chile. The company, based in Shanghai, will use the accelerated cash flow to expand trade with western countries and escalate orders from buyers. The partnership took shape as the client sought to grow its business but was stuck complying to the TT at sight terms popular among Chinese manufacturers in the industry. Consequently, it...

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